About Timeshares

Frank Froggatt asked:


When thinking of reselling your timeshare, always remember that the same principles of selling a home or a commercial building also apply here. One of which is to ensure the timeshare is well furnished and properly taken care of. No one wants to be a ramshackle home or commercial building, let alone a ramshackle timeshare.

While timeshares are very good investment vehicles, this is not always the case. Many people have lost so much money attempting to use timeshares for investment. But if you are savvy enough about timeshares, you can make money buying, selling and renting them out.

Learn about the different types of timeshares available before going ahead to invest in any. For example, there are fixed weekly timeshares and there are point-based timeshares. Ask yourself which is better and which you should invest in, depending your peculiar situation.

Apart from the market forces and the economy, other factors that can help you sell your timeshare at a good price include how very well the timeshare looks. If you have a timeshare that looks very dilapidated, don’t expect to sell it for any good amount unless you take the time to make it look very attractive. .

If you have a timeshare, you can always rent it out and make money when not using the timeshare. A timeshare is a good investment just like any other real estate investment as you can always make money from it. You can always rent out your timeshare and make some cash when it is not in use.

Timeshare also enables you to swap your choice of week or location with other owners. Sometimes you may want to use your vacation on a home at a time you did not arrange for. Timeshare makes this possible by allowing you to swap. You can always find someone who is willing to exchange his or her timeshare for a particular week or location with you… if you know how to search.

The fact is that renting your timeshare unit via timeshare resort will cost you a great deal. Although the actual intention is not to make profit out of your timeshare, but using timeshare resorts will take your entire total spending on the timeshare. Hiring your timeshare via resorts companies is surely expensive, but worth it if you know exactly how to make profit from it.

Generally speaking, it is cheaper to advertise your timeshare on the internet than anywhere else. The web is the best place to cheaply get people to know about your timeshare. While advertising in magazines and television can cost you much, you only spend a few bucks to get your timeshare advertised on lots of websites.



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Abhishek Agarwal asked:


A lot of potential timeshare investors; most of them buyers are puzzled when that crucial moment comes for them to decide on what are the most vital factors worth of their utmost consideration, when purchasing timeshares. Modern buyers are more market savvy than their predecessor’s decade ago. They are well informed about their purchases, and this is because they conduct research prior to making any move. But not all modern buyers belong to the “market savvy class”, the uninitiated are often stuck in a rut when prompted for the essentials that need be considered prior to purchasing a timeshare. The paragraph below is dedicated to you the reader, to provide you with the insight into the essential factors worth your consideration if you ever think of investing in timeshare. Don’t play the fool; these criterions are a good measure against the timeshare you buy.

Suppose you are effecting your timeshare transactions through a timeshare broker, ensure that the party is doing a legitimate business and is licensed. Try to also establish his timeshare handling reputation and rate of success. Feel free to inquire about any questions you may have about your timeshare. Below are good examples of such questions.

* Inquire about their resort maintenance fee and whether it is raised on annual basis, and by what rate if yes.

* Inquire about what chances exists of getting best timeshare in any given week.

* Ask about the earliest date by which you should have made your reservations.

* Inquire whether there are any extra benefits that come with your timeshare.

* Inquire whether or not the timeshare Company offers a bonus week program.

* Ask whether you can trade or exchange your timeshare without the need to join an exchange company.

You can also enquire from the same timeshare broker about the point system. Some highly regarded firms trade their timeshares at higher rates if they have a points system in place. Enquire from him whether that’s a reasonable method or you are better of purchasing a resale. The factors that influence timeshare unit costs are demand for some weeks could be high, that means the price maybe high for that week, demand for specific locations maybe high. The unit size could also affect the timeshare price; bigger units are more in demand because they’re easy to exchange and trade in. Don’t forget that the reputation of the company that owns the timeshare resort is also important.

Make sure you have viewed the unit prior to making your purchase; there are reported cases where the re-seller or Timeshare Company provided descriptions have turned out to be false and mis-leading e.g. the location, unit size, and many more. If you are unable to view it and you happen to have a family member or friend that resides near the given location, request them to go and see it on your behalf. Getting references is a good thing too. Should you be able to avail yourself for the unit viewing, seek the neighbor’s opinion on the amenities and management. Remember to enquire about the following.

* Their opinion of the resort.

* The period that they have been vacationing in that resort.

* Ask whether dates are easily obtainable without much fuss.

* Seek their opinion on the management firm and if they feel satisfied, if not why?

* Enquire about maintenance and other fees levied, ask if they have a nice record or they are unpredictable.

* Ask if reservations and exchanges are easy to make.

* Enquire about the long term goals of the developer, like do they plan to improve the property in the near future.

Do your survey to dig up enough information regarding to prices in the area you are purchasing. Cyberspace is your biggest ally in accomplishing this feat, because info on prices is just a click away in the auction website like eBay .com or maybe bidshare.com, whichever you choose. Remember that if you are purchasing a resale timeshare unit, it should be less costlier as half the cost of a new timeshare unit sold by timeshare developers. If you are going for a new timeshare via a timeshare firm, ensure you’ve read carefully through and understood the details in the fine print prior to signing any contract. If it’s a resale, then ask the timeshare seller about their reasons for selling it, there might be a reason behind it, an example of which could be a problem with the management firm or some kind of inconvenience. This could give you a feel of any existing problems and challenges that you could possibly face and could be a reason enough to accept it or reject it. Ensure that there are no past pending dues on property taxes or maintenance fees because this could multiply your cost. Once you’ve done your vetting of the above issues, then you’ll likely be in the best position to make a smart and transparent decision in the purchase of timeshare that you won’t regret later.



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vand asked:


If someone could please explain the point system ( ike diamond resorts uses) why it is good or bad. I have heard why the regular timeshare is bad, but the point system seems different. Anyone with personal experience would be great.

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dennisdasaint asked:


I understand the best way may be to find a broker relies on a commission if the timeshare sells. Most want fees upfront and they can range from $70.00 to $300.00 or more. This particular timeshare system allows you to exchange or visit most any where in the world. The maintainence fee is killing us-since we can’t afford to travel anymore. We are only asking $5000.00 or obo–the system is available for 20 years. Ideas?

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cutcocharles asked:


We bought a time share 2 years ago, and have only used it once. We would like to sell it for $14900. What is the quickest way to sell? Who would you recommend listing it with? Does anybody want to buy it? The timeshare is through Silverleaf Resorts.

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QueenOfUrs asked:


I own timeshare in florida. I already paid an agency $800 dollars to put it up for sale and they won’t sell it. Are there agencies that sell it without charging anything upfront?

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Abhishek Agarwal asked:


A completely novel concept of resort management was invented in the early 1960s. this idea in the resort industry sector curved the way for an increased gain in revenue and led to the revolution that followed later.

This novel idea motivated many other resorts all over the world and paved way for the US$ 9 billion yearly overall sales of today. Almost 5000 resorts worldwide have joined the bandwagon of timeshare industry from then. This new concept is timeshare. Developers of resorts now give their visitors to the resort owner, with a week’s time as opposed to the idea of guest with limitations and restrictions.

That enables clients to become resort owners for a week’s duration. The week is covered in a deed similar to a real property deed; this is because time shares are regard as real properties. Their clients usually find the offer very appealing even if the ownership would cover seven days annually.

Clients/patrons become resort owners through the purchase of timeshares. Back then resorts were not just holiday homes but they were turned into timeshare resorts. They then became real properties owned by the owner of its timeshares. The person that invented this idea, a resort developer in the French Alps, revolutionalized the resort industry by making it tenfold wealthier and livelier as a result.

The timeshare industry has become more active with adaptable schemes in property ownership and the usage of timeshare deeds. Timeshare holders now have a variety of options to choose from. Below are some of the usage options currently available to the timeshare owners;

a) The timeshare owner can use it.

b) Timeshare owners also have the option of advertising it as time share rentals.

c) The timeshare deed is transferable and could be passed as a present to family members and friends.

d) Timeshare owners have the option of internally swapping the timeshare under the cover of resort group.

e) Timeshare owners also have the choice of externally swapping the time share with other resorts that number to thousands.

Rentals of Timeshare.

From the above five options accessible to timeshare owners, time share rentals have proven to be the most lucrative for timeshare owners. The reason - timeshare rentals are very appealing to adventure seekers, travelers, and vagrants that need accommodation with minimal cost or expenses.

It is this same market that timeshare rental owners are targeting. Timeshare rentals are easy to acquire from the net and a traveler would have no problem keeping their accommodation since it’s a timeshare rental. Timeshare rentals give potential customers/travelers the opportunity of staying in a series of 5 star resorts, luxurious hotels, or resort condominium without reliance on what’s specified on the timeshare deed.

Timeshare rentals offer affordable rates than a standard resort fee that are normally charged by resorts. Their rates are much cheaper than what people normally pay at resorts. Customers such as travelers are able to save considerable amount of money.

Timeshare rentals on cyberspace.

There are sites available on-line that advertise timeshare rentals. Prospective clients are able to save significant amount of money if the classifieds come straight from the timeshare owners. Timeshare rentals are apparently hundreds of bucks cheaper than what one would normally pay for the ordinary rent for a resort.

Owners interested in advertising their timeshare rentals can list them in existing websites. The benefit of this is the simplicity of promoting and monitoring. Sites can also allow owners of timeshare rentals to conduct daily supervision and promotion of their timeshares rentals to hundreds or thousands of potential customers. Study shows that a large number of potential buyers or travelers turn to the net to check for the availability of timeshare rentals.

Listing costs are cheaper in comparison to payment of maintenance charges. Listing of timeshare rental is also strategic for owners in targeting a definite audience for their timeshare rentals. On-line listing of timeshare rentals offers common benefit to the adventure seeker, vagabond, and travelers. Such people would be offered with various options for their accommodation needs. Such a case would therefore enable them to browse through the available options and select affordable accommodations they can find.



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TellMe08 asked:


I’m looking to buy an affordable timeshare. I do not know anything about them. Any adivce?

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Big-D asked:


I’ve always made on-time monthly payments on my timeshare until now…I’ve filed for hardship with the timeshare company but haven’t received an answer from them. I am thinking of letting it go into foreclosure because I can’t make payments anymore. They won’t let me sign the Warranty Deed in Lieu of foreclosre and instead offered me a downgrade. I’m afraid of legal issues. What should I do?

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Nicholas Tan asked:


Everything in life has pros and cons. While pros may be important to some and to some cons. It depends on how you evaluate the benefits of buying a timeshare with your lifestyle and financial condition. For some it might be a miniscule portion of their wealth but for some it can be hard earned savings of their life. In either case, a smart person will always look into pros and cons before investing his/her money.

Let us discuss the pros first. To begin with, timeshare properties are more economical compared to buying a piece of real estate property for life and only using it once a year. Compare this you buying a property for lifetime for $200,000 with timeshare which may be only $10,000 plus annual maintenance cost of $500 for the life. If we assume the lifetime period of 30 years the calculation will be as follows:

$10,000+30 years x 500 = $25,000 for the lifetime

Compare it with buying a real estate property for lifetime you will save $175,000. Isn’t that a lot of money? Is it wise to invest that much extra money for once a year use?

Let us compare this with the cost of Hotel. Suppose if you spend $1,200 every year on a hotel, let us consider the cost for 30 years:

$1,200 x 30 years = $36,000 which is still more than $25,000 you pay for timeshare for the lifetime.

Apart from saving money you get the comfort of your home. In a hotel you might get only a suite. But a typical timeshare condo has two or three bedrooms, one or two bathrooms, a kitchen, a dining room and even a laundry room. Also timeshare units are usually fully furnished. Most of the timeshare properties have an indoor or outdoor pool also these days. In addition to that you also get resort facilities. What more somebody might want when they get all these facilities and comfort of home?

If you have a timeshare you don’t have to worry about the upkeep and maintenance of the condo. It is taken care of by the developer. Now compare this with buying a real estate property for the life, you have to do all the maintenance.

Not to forget, if you or your spouse is a person who takes vacation lightly, this is for you. If you have a timeshare, you definitely make it a point to go for a vacation at least once a year. You are also saved from the hassles of planning a vacation every year.

Most of the timeshare companies are associated with other timeshare companies. This allows the exchange of timeshare. This is one of the many reasons why people prefer timeshare.

Now talking about the Cons of timeshare, timeshares has become an avenue for many scammers and frauds. The timeshare industry has been plagued with variety of scam and fraud related problems. People are invited to attend a ninety minute presentation completely free and then they are subjected to the techniques of pressurized buying which is unethical in any sense. Do not fall prey to these tricks. Always read the documents carefully specially the fine prints before signing any agreements. Research the timeshare company well and know their reputation.

By paying a huge upfront fee your money is tied up for a long time which means you are losing money’s worth in addition to paying interest if you have taken a loan for the rest of the amount. Also you have to pay regular maintenance cost.

One of the major cons is the appreciation. The timeshares don’t appreciate much. They may be stagnant or even depreciate with time. They are also difficult to resale compared to a real estate property.

And last but not the least; timeshares may not be flexible enough for you to use it every year at a specific time. Although some companies offer flexible timeshares but it is only on first come first serve basis many other timeshare owners might also be planning to do that.



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